OpenPayd said on November 10, 2026, that its annual recurring revenue reached $107 million in October. The figure followed a 44% year-over-year rise in second-quarter FY27 revenue to $25.4 million.
At a Glance
- OpenPayd reported first-half FY27 revenue of $47.5 million, with fiat and stablecoin infrastructure both adding to growth.
- Stablecoin orchestration revenue rose to $3.9 million in the first half, up from $0.5 million a year earlier.
- Fiat infrastructure drove 70% of first-half banking and payments revenue growth, and stablecoin orchestration drove the other 30%.
- Customers onboarded during FY27 supplied 34% of that growth. Stablecoins made up 32% of their revenue.
Stablecoins supplied 30% of first-half growth
OpenPayd launched its stablecoin infrastructure in May 2025. The product runs across blockchain rails and lets businesses move between fiat and digital assets through a single infrastructure layer.
First-half stablecoin orchestration revenue climbed from $0.5 million to $3.9 million as the product entered its second year. The company’s own notes flag that this growth comes from a small prior-year base. That line sits inside first-half revenue of $47.5 million, so stablecoins remain a small slice of the total.
New clients show the shift more clearly. Customers onboarded during FY27 contributed 34% of first-half banking and payments revenue growth, the company said in its release shared with CoinLaw. Stablecoin orchestration accounted for 32% of revenue from that group. OpenPayd said the split reflects the product’s role in winning new business as well as serving existing clients.
$107 million in annualised recurring revenue. More than $360 billion in annualised transaction volume. Over 1,260 corporate clients. OpenPayd’s Q2 FY27 results show continued growth across our platform: → Revenue grew 44% year on year in Q2 → First-half revenue reached $47.5 million → Stablecoin orchestration revenue grew 7.8x year-on-year, just 18 months after launch Growth continues across both sides of our business as companies increasingly need fiat and digital asset capabilities to work together within the same payment journey. See our full Q2 results: https://t.co/WbuLqteCrQ
— OpenPayd (@OpenPayd) November 10, 2026
Iana Dimitrova, chief executive officer at OpenPayd said:
OpenPayd served more than 1,260 corporate clients at the end of the second quarter and processed more than $360 billion in annualized transaction volume. Its products span embedded accounts, FX, domestic and international payments, Open Banking and stablecoin on- and off-ramps. Named clients include eToro, Kraken, OKX and B2C2.
The $107 million figure is a monthly run rate
OpenPayd calculates ARR by multiplying revenue recognized in October 2026 by twelve. The metric counts transaction fees, recurring subscription fees and minimums, FX margin, operational fees, setup fees and interest earned on client balances.
That last item carries weight. Client balances held on the platform exceeded $1 billion, and the company stresses these are client funds, not its own corporate cash. Interest on those balances feeds ARR. The 70% fiat and 30% stablecoin growth split, by contrast, excludes interest income.
OpenPayd calls ARR a supplemental operational metric. It is not an IFRS (International Financial Reporting Standards) measure, a completed twelve-month total or a forecast. The company says it moves with customer activity, transaction volumes, pricing and interest rates. The interim figures are unaudited and were converted from euros at $1.16 per euro, with growth rates calculated on the euro numbers.
The Bottom Line
The release leaves two questions open. How much of the headline ARR comes from interest on client balances? And how much did interest income add to first-half revenue?
The numbers arrive while OpenPayd’s business partnership with Titan Acquisition Corp remains proposed, a deal expected to list the company on Nasdaq. Each new month of revenue resets the ARR figure. Any swing in transaction volumes, or in the interest earned on those client balances, will show up in the next monthly print.
